Cap rate & gross rent multiplier calculator for Sheridan, IL
Starts from local data for Sheridan, IL (ZIP 60551): a 3-bedroom rent of $933 a month (range $933–$1,369). Every value stays editable.
Cap rate
6.58%
Gross rent multiplier
9.92
- Gross annual rent
- $50,400
- NOI (yearly)
- $32,880
How this is calculated
- 1Gross annual rent = monthly rent × 12.
- 2NOI = gross annual rent × (1 − vacancy %) − operating expenses.
- 3Cap rate = NOI ÷ price.
- 4GRM = price ÷ gross annual rent.
Neither metric accounts for financing. Use the rental cash flow calculator to see returns with a mortgage.
Frequently asked questions
- What rent should I use for a 3-bedroom rental in Sheridan, IL?
- In ZIP 60551 the typical figure is $933 a month ($933–$1,369); across Sheridan's 1 ZIP code it's $933–$1,369, with a median of $933. Check listings for the specific property.